Media coverage about First Bancorp (NASDAQ:FBNC) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Bancorp earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 48.8962747313238 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have recently issued reports on FBNC shares. Brean Capital reissued a “buy” rating on shares of First Bancorp in a research note on Monday, January 29th. Zacks Investment Research lowered shares of First Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub raised shares of First Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, ValuEngine raised shares of First Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. First Bancorp presently has an average rating of “Buy” and an average target price of $40.25.
Shares of FBNC opened at $40.27 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of 21.77, a P/E/G ratio of 0.93 and a beta of 1.12. First Bancorp has a 12-month low of $40.14 and a 12-month high of $40.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.
First Bancorp (NASDAQ:FBNC) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.17. First Bancorp had a net margin of 23.54% and a return on equity of 9.58%. The firm had revenue of $66.45 million during the quarter, compared to analyst estimates of $63.31 million. analysts predict that First Bancorp will post 2.81 EPS for the current year.
In related news, Director Mary Clara Capel sold 2,250 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $37.05, for a total value of $83,362.50. Following the completion of the sale, the director now directly owns 13,746 shares of the company’s stock, valued at $509,289.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.
About First Bancorp
First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificates of deposits and individual retirement accounts.
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